Brexit: Cornwall to face 'significant' funding cut

Cornwall could be "significantly worse off" after Brexit, receiving just 5% of what it needs to replace EU funding, according to a local councillor.

One of the UK's poorest areas, Cornwall has applied for £700m over 10 years from the government to replace EU cash.

However, there are fears that the county could get as little as £1.8m in the first year.

The government said it would work with "councils and other key stakeholders on how best to use" money it provided.

Cornwall councillor Tim Dwelly said Boris Johnson promised Cornwall the same investment it got from the EU, according to the the Local Democracy Reporting Service (LDRS).

"He literally put that to the people of Cornwall in advance of the last general election and now he seems to have completely broken his promise," he said.

"Here in Cornwall, the people who voted for Brexit and voted for the Conservatives did so because they believed or were told it was about taking back control and a commitment by our government to continue to support Cornwall.

"They will be feeling used."

The government has announced an initial national funding pot of £220m to make up for lost EU revenue.

But Mr Dwelly said that, if shared in the same way as the previous Growth Deal, Cornwall would receive just £1.8m in the first year.

"To stand still, with EU levels of funding, Cornwall would have needed the government to commit to at least £100m a year from the Shared Prosperity Fund," he said.

The Local Government Ministry said the UK Shared Prosperity Fund (UKSPF) would "help to level up and create opportunity".

It also said it was "providing additional UK funding" to help areas prepare for UKSPF money, and "work closely with councils and other key stakeholders on how best to use this".